We hope small companies working on cutting edge technologies will realize the unprecedented access we can offer them and will decide to participate. - Phil Stern, yet2.com CEO and co-founder.
Needham, MA (PRWEB) February 23, 2011
yet2.com, an intellectual property services firm, in partnership with NASA Tech Briefs, Clean 15, RadTech, Steinbeis Center for Technology Transfer India and yet2 Ventures, is pleased to announce its new Step2Change Technology Competition, with submissions accepted now through March 15, 2011. The competition is designed to connect exciting technology companies in four leading areas to the commercial market: 1) Sustainable Packaging; 2) Materials—lighter/stronger/better/cleaner; 3) Consumer home/health medical devices; and 4) Electronics.
yet2.com’s Step2Change Technology Competition is organized in conjunction with yet2.com’s annual Executive Briefing conference, to take place in Boston in May, 2011. Competition finalists will have a chance to present their technologies at the conference to yet2.com’s exclusive audience of 100+ representatives from the Global 1000, in addition to other promotional services. The top Step2Change finalist will also receive a package of customized partnership/commercialization services from yet2.com. This company will benefit directly from hands on commercialization services from yet2.com's global team of technology transfer specialists.
yet2.com is the world’s largest intellectual property exchange. Its client base consists of about half the Global 1000, along with hundreds of small-to-medium enterprises. Approximately 120,000 individuals involved with Open Innovation visit its global marketplace web site annually in search of new technologies. For its conference, yet2.com convenes Chief Technology Officers, R&D Executives, Strategic Intellectual Asset Managers, Licensing Executives, and Business Managers from companies around the globe to share open innovation best practices and to scout technology acquisitions to build into their businesses.
“This new competition is specifically designed to connect leading edge technologies to the partners and capital necessary to accelerate their access to the global market,” said Phil Stern, yet2.com CEO and co-founder. “We hope small companies working on cutting edge technologies will realize the unprecedented access we can offer them and will decide to participate.” Submission details and more information are available at http://www.yet2.com/app/about/competition/home.
yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. yet2.com Inc. and its online marketplace were founded in 1999 to promote Open Innovation, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 120,000 registered marketplace users including many of the Fortune 500 and over 16,000 smaller technology companies. In addition to its core team, yet2.com has created a wide network of Open Innovation partners covering many of the technology-rich countries around the world as well as relationships with open innovation organizations, technical expert networks, SME networks, technical magazines, online technical communities, and technology brokers. These provide market-wide access to technologies and needs in countries such as Russia, China, India, Korea, Brazil, South Africa, Japan, the US, and the EU. For more information, visit http://www.yet2.com or contact Tim Bernstein 1-781-972-0600.
About Clean 15
Clean 15 is the market facing brand of Drayton Weissenfels Inc., a company that connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through, joint ventures licensing, purchasing intellectual properties and processes. The exclusive Canadian partner of yet2.com, one of the largest technology transfer marketplaces in the world, Clean 15 helps companies generate revenue streams from underutilized intellectual property. Clean 15 is based in Toronto, Canada. For more information visit http://www.clean15.com.
About NASA Tech Briefs
NASA Tech Briefs is a unique, powerful tool for engineers, managers, and scientists -- the largest circulation design engineering magazine, with a qualified circulation of 190,000. For more than three decades, NASA Tech Briefs has reported to industry any new, commercially-significant technologies developed by NASA, so that engineers, managers, and scientists can use these developments to improve their competitiveness and productivity. For more information, please see http://www.techbriefs.com/ .
RadTech is The Association of UV (ultraviolet) and EB (electron beam) Technologies. UV and EB are high value, rapid throughput processes offering the virtual elimination of emissions and lower energy consumption compared with traditional methods—providing manufacturers with a safe, fast and efficient pollution prevention technology. As a result, the industry continues to grow at over twice the rate of traditional processes. Please visit http://www.radtech.org for more information.
About Steinbeis Center for Technology Transfer in India
Steinbeis India provides turnkey solutions to companies in the field of Technology Application. New and existing organizations avail their services to keep pace with the latest technologies and technology developments, to innovate their processes and products. Steinbeis’ services include technology scouting, evaluation, marketing, consulting and training. The Steinbeis network comprises more than 4,000 professionals and over 800 Transfer Centres in Germany and many countries across the globe, covering all fields of technology and management. Please visit http://www.steinbeisindia.com & http://www.stw.de for more information.
In 2009, yet2.com opened an early-stage venture program to invest in companies with strong intellectual property and commercialize-able technologies. The investors have special interest in “clean” or “green” technologies, materials and physical sciences, life sciences, and consumer products. The unique information yet2.com obtains through its global marketplace provides a way to identify hundreds of promising investment opportunities, so yet2.com can be instrumental in validating market interest and in assembling the investors to take advantage of that interest.
The typical yet2.com investment is in a small company with robust intellectual property or in a corporate spinout. yet2.com focuses on sectors where its global marketplace has strong deal flow and actively seeks business plans based on technology rather than on financial or retail businesses.